CaixaBank and RBI stand out with ESG bonds on 'ridiculously busy' day

By David Freitas

17 Sep 2019

CaixaBank launched a non-preferred senior bond linked to social causes on Tuesday, while Raiffeisen Bank International launched a green preferred senior bond. Both deals were heavily oversubscribed on a day that one banker described as 'ridiculously busy'.

CaixaBank and Raiffeisen Bank International were both offering investors the chance of allocating funds into their environmental, social and governance (ESG) portfolios.

Spain's CaixaBank was offering a five year non-preferred senior bond, its debut in social format, with expected ratings of Baa3/BBB/BBB+.